ASM sees higher first quarter revenue on the back of strong orders

Reuters

February 25, 2021 at 2:03 p.m.

(Reuters) - Dutch semiconductor manufacturing equipment supplier ASM International expects a rise in first-quarter revenue after fourth-quarter orders beat expectations, it said on Thursday.

ASM estimated first-quarter revenue of 380-400 million euros ($489.20 million) compared with 347 million euros in the fourth quarter.

Fourth-quarter order intake rose 25% quarter on quarter to 379 million euros, above its guidance of 340-360 million euros, citing strong demand in the logic and foundry segment.

($1 = 0.8177 euros)

(Reporting by Boleslaw Lasocki in Gdansk; Editing by Richard Chang)

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